Tag: Income Taxes

By Cory Gaines | Commentary, Colorado Accountability Project Colorado’s “rich” are already paying a lot (A LOT) Tax Day, both the day when tax returns are due and the day at which you have worked enough to pay your taxes (and start working for yourself) recently passed. Around that date I saw something online giving a breakdown of Federal tax receipts vs. income group and it got me thinking about Colorado’s tax receipts vs. income. After doing some digging I have some data to share, and, as the top line here suggests, the “rich” in Colorado are already paying quite a bit. Certainly a giant percent of state revenue compared to how many filers there are. As I’ll show below, if you look at the percentage of total tax receipts vs. the percentage of taxpayers ...